#FuturesTrades September 29th Monday 2008 Trade Log

Trade Posting Chat Log Info: My name is M.A. Perry (a.k.a. online as NihabaAshi - martial arts & Japanese Candlestick term) and I am the moderator of #FuturesTrades.

Simply, my job is to keep the peace and ensure #FuturesTrades is a useful community of traders from around the world that have gather in a virtual trading office.

In addition, I personally use the below chat log as feedback for critical trading information that's not available when I review my broker statements nor any statistical analysis of my trading.  To maintain the usefulness of the below chat log, all of my trades were posted in real-time within 5 seconds after entry or exit unless otherwise noted in the log. 

  To read behind the scenes details about my trades posted below such as explanation of position size, stop management, chart interval choice et cetera...click here.

Further, although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based methodology (very objective) that involves price action only trading (no indicators). However, some of my trades are intuition via market experience in combo with many concepts from my rule based methodology.

  My own current performance record and broker profit/loss statement is posted at the bottom of today's log.

With that said, today's trade posting chat log is below and it contains trades posted in real-time by #FuturesTrades members including all of my own trades that were posted in real-time. 

Last of all, if you want the instructions for gaining access to our free #FuturesTrades chat room...click here.

	#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.
Time Zone Info	Chat Log below is eastern standard time (est.) - New York City, U.S.A and/or Montréal, Canada time zone.
<@X>	#FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm
	Session Start: Mon Sep 29 09:25:16 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:25
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<rickf>	exit 8 99.50 +2.25	09:26
<+rickf>	h2
<drt>	gm all
<+rickf>	exit 2 98 +.75	09:27
<PapaJon>	gm all
<@NihabaAshi>	Shorts ES @ 1196.75 -> large size	09:31
	6 only	09:32
	trailing stop @ profit
	Covered 2/3 ES Short @ 1193.75 --> + 3	09:34
	Holding 2 contract remainders
<newyorktrader>	SHORT EMD @ 739.1
<+rickf>	short es 93.25	09:35
<+newyorktrader>	Stop @ Entry	09:36
<+rickf>	out 8 @ 91 +2.25	09:37
	h2
<@NihabaAshi>	Covered ES Short @ 1191.50 --> + 5.25
	Holding 1 contract remainder
<+newyorktrader>	Out EMD @ 737.1 + 2.0
<+rickf>	exit es 89.25 +4	09:42
<szubaark>	Shorts ES @ 1187.75 «« paper »»	09:45
<+szubaark>	Covered all Short ES at 1187.75 --> 0 «« paper »»	09:47
<+rickf>	short es 1189.25	09:50
	late post
<@NihabaAshi>	Covered Remainder ES Short @ 1182.50 --> + 14.25
<pat255>	geez N ...vvn
<+rickf>	exit 8 87 +2.25
	late
<+newyorktrader>	vn
<+rickf>	h2
	ty
	exit 79 +10.25	09:53
<@NihabaAshi>	Wow...4 mins later ES is 10 points lower than my exit	09:55
<+newyorktrader>	:)
<+PapaJon>	yah.. nutso day
<+newyorktrader>	is there a tentative time today for the package decision?	09:56
<+silo>	Long YM @ 10830
<oaktree>	out qqq puts	09:57
<sav>	Long NQ @ 1602.5	09:58
<+silo>	Exited all YM Long @ 10862 --> + 32
<+sav>	Exited all NQ Long @ 1604.5 --> + 2
<+silo>	daily profit goal reached	09:59
* Tintin	: hi all
<T-stop>	hey tin
<+silo>	he KN :D	10:00
<KN-SR>	hi silo	10:02
<+rickf>	short es 1177.75	10:03
<+szubaark>	Shorts ES @ 1175.25 «« paper »»	10:04
<+rickf>	out 8 75.50 +2.25
	h2
	exit es 75.50 +2.25	10:05
	back in a bit	10:06
<@NihabaAshi>	Shorts ES @ 1175.25 -> small size	10:10
<+rickf>	bak
<@NihabaAshi>	3 only
<+rickf>	short es 73.25	10:11
	out 7 at 71 +2.25	10:12
	h3
	exit 73 +.25
<+szubaark>	tightening Stop
	exit stop moved to breakeven ES @ 1175.25 «« paper »»
<@NihabaAshi>	trailing stop @ profit	10:13
	late post...was busy doing something else and didn't see my trailing stop get "pick pocketed :	10:14
	:(	10:15
	Covered all ES Short @ 1175.00 --> + 0.25
<+pat255>	:( such a nice entry
<@NihabaAshi>	Shorts ES @ 1168.00 -> medium size
<+newyorktrader>	Short FESX @ 3044
<@NihabaAshi>	4 only	10:16
<+szubaark>	tightening Stop
	exit stop set ES @ 1173 «« paper »»	10:17
<@NihabaAshi>	Covered all ES Short @ 1167.75 --> + 0.25	10:18
	Geeesh
<+newyorktrader>	Stopped FESX @ 3056 -18
	-12*
<@NihabaAshi>	two good entries and I got only +0.25 on each :(
<+szubaark>	Covered all Short ES at 1171.25 --> + 4 «« paper »»
<+silo>	Shorts YM @ 10811	10:21
<+newyorktrader>	wild fire hose trading on the eur products, at least you know when your not with the trade real quick :)
<+szubaark>	Shorts ES @ 1167.50 «« paper »»	10:22
<@NihabaAshi>	Long ES @ 1168.25 -> medium size	10:23
	4 only
	trailing stop @ profit	10:24
<+szubaark>	Covered all Short ES at 1172.75 --> - 5.25 «« paper »»
	:((]
<+rickf>	:(
<+sav>	Long NQ @ 1585.25	10:25
<@NihabaAshi>	Exited all ES Long @ 1174.50 --> + 6.25
<winmax60>	good morning niha and everyone!!	10:26
<+sav>	Exited 1/2 NQ Long @ 1587.25 --> + 2
* newyorktrader	is now known as Maximus	10:27
<+szubaark>	Shorts ES @ 1175.75 «« paper »»
<+rickf>	gm	10:28
<+sav>	exit stop moved to breakeven NQ @ 1585.25
	Exited Remainder NQ Long @ 1592.75 --> + 7.5	10:29
<+rickf>	long es 77.25
	out 76.25 -1	10:30
<+szubaark>	exit stop set ES @ 1178 «« paper »»	10:31
	Covered all Short ES at 1178 --> - 2.25 «« paper »»	10:32
<+rickf>	long es 76.50
	out 77.50 +1	10:33
	chart problems :(	10:34
<+szubaark>	Shorts ES @ 1176.25 «« paper »»
	exit stop set ES @ 1178.50 «« paper »»	10:38
<+sav>	Shorts NQ @ 1588.5	10:41
	Covered 1/2 NQ Short @ 1586.5 --> + 2	10:42
	exit stop moved to breakeven NQ @ 1588.5	10:43
	Covered Remainder NQ Short @ 1587.25 --> + 1.25	10:45
	Long NQ @ 1592.25	10:46
<+rickf>	long es 77.25	10:47
<+szubaark>	Covered all Short ES at 1178.50 --> - 2.25 «« paper »»
<+sav>	Exited 1/2 NQ Long @ 1594.25 --> + 2	10:48
	exit stop moved to breakeven NQ @ 1592.25
	exit stop raised NQ @ 1593.5	10:49
<+rickf>	exit 7 79.50 +2.25
	h3
<+sav>	Exited Remainder NQ Long @ 1598.25 --> + 6	10:50
<+rickf>	exit es 79.50 +2.25
<+szubaark>	Shorts ES @ 1178.25 «« paper »»	10:51
* codehead_afk	is now known as codehead	10:54
<nqcruiser>	norton deleted mirc.exe , suspecting it had a virus	10:55
<+pat255>	have u guys loaded the latest mirc?
<+Maximus>	yes
<ItalianSharp>	nope...whats up with it?	10:56
* Kalle	[ long ES @ 74 ]	10:57
* +Kalle	[ flat ES @ 74.5 +.5 ]	10:58
<+szubaark>	Covered all Short ES at 1176 --> + 2.25 «« paper »»	11:00
<+sav>	Long NQ @ 1595.75	11:01
<+szubaark>	Shorts ES @ 1173.75 «« paper »»
<+Maximus>	SHORT FESX @ 3038
<+sav>	Exited Remainder NQ Long @ 1594.00 --> - 1.75
<+rickf>	short es 73	11:04
	out 74 -1	11:06
<@X>	#FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.
<+rickf>	long es 77.50	11:09
<+szubaark>	exit stop set ES @ 1180.75 «« paper »»	11:10
<+Maximus>	Out FESX @ 3055 - 17
<+rickf>	out 75.50 -2	11:11
	short es 1174	11:12
	exit 7 71.75 +2.25
	h3	11:13
	out b/e +0	11:14
	anyone else's openecry charts getting weird?
<MK>	Covered 1/3 ES Short @ 1173 --> + 47 «« paper »»	11:15
<+rickf>	short es 72.25	11:17
<+MK>	Covered 1/3 ES Short @ 1171.75 --> + 40.75 «« paper »»	11:18
<+sav>	Shorts NQ @ 1593.25	11:26
<+rickf>	exit es 72 +.25	11:27
<+sav>	Covered all NQ Short @ 1595.00 --> - 1.75	11:28
<+rickf>	horrible tape
<+szubaark>	expected after that quick, morning Drop	11:29
	tightening Stop	11:30
	exit stop moved to breakeven ES @ 1173.75 «« paper »»
* +rickf	figures. there's the drop i was looking for :(	11:31
<+szubaark>	heheh.. Stops had to be taken out FIRST	11:32
<+rickf>	short es 70.75	11:33
<+sav>	Shorts NQ @ 1590.5
	Covered 1/2 NQ Short @ 1588.5 --> + 2
<+rickf>	exit 7 es 68.50 +2.25	11:35
	h3
<+szubaark>	Nice Rick
<+rickf>	ty
	out b/e	11:36
<+pat255>	vn rick
<+rickf>	thx pat
<+pat255>	enerty has to be right on es or 1-2 pt stop easily taken out	11:39
<Brutus>	09/29/2008 11:39 =DJ US House Nears Vote On Rescue Plan As Opposition Remains
<+Brutus>	The House is scheduled to vote just after noon EDT on the legislation,	11:40
<+pat255>	brutus EDT? EST	11:43
<+rickf>	yup
<+pat255>	k	11:44
<+Brutus>	Dax closed -4%, didn't look like they expected any good news	11:45
<+szubaark>	Covered all Short ES at 1171.75 --> + 2 «« paper »»	11:46
<+sav>	Covered all NQ Short @ 1587.5 --> + 3	11:48
<+szubaark>	Shorts ES @ 1172.25 «« paper »»	11:50
	exit stop set ES @ 1174 «« paper »»	11:51
	Covered all Short ES at 1174 --> - 1.75 «« paper »»	11:52
	Buys ES @ 1174 «« paper »»	11:53
	Exited all Long ES at 1172.25 --> - 1.75 «« paper »»	11:54
	Shorts ES @ 1172.25 «« paper »»
	Covered all Short ES at 1174.25 --> - 2 «« paper »»	11:56
	:((((
<+rickf>	long es 74.25
<+szubaark>	Buys ES @ 1174.50 «« paper »»
	Exited all Long ES at 1172 --> - 2.5 «« paper »»	11:59
	Shorts ES @ 1172 «« paper »»
	frikin whipsaws	12:00
<+rickf>	reverse es 72 -1.75
<+sav>	Shorts NQ @ 1585.00
<+rickf>	exit es 72 b/e	12:02
<+sav>	Covered all NQ Short @ 1586.00 --> - 1	12:03
<+szubaark>	Covered all Short ES at 1174.50 --> - 2.5 «« paper »»	12:12
	Buys ES @ 1174.50 «« paper »»	12:13
	Exited all Long ES at 1172 --> - 2.5 «« paper »»
	Shorts ES @ 1172 «« paper »»
	thnice fakeout
<+rickf>	damn
<+MK>	maybe 1140 next if break 1165	12:17
<+rickf>	short es 68.50
	exit 7 es 66.25 +2.25	12:19
	h3
<+pat255>	vn again rick	12:20
<+rickf>	exit 66.25 +2.25
	thx
<+MK>	resistance to the bill	12:21
<+rickf>	short es 66.75
	exit 7 es 64.50 +2.25	12:27
	h3
	exit 3 es 66 +.75	12:28
	lunchtime, back later
<+szubaark>	exit stop set ES @ 1169.50 «« paper »»	12:32
	Covered all Short ES at 1169.50 --> + 2.5 «« paper »»	12:34
	Shorts ES @ 1168.25 «« paper »»	12:35
	Covered all Short ES at 1174.75 --> - 6.5 «« paper »»	12:44
	Buys ES @ 1174.50 «« paper »»
	that was a STRONG bounce to upside for being in a downtrend LOL	12:47
<pdays>	Shorts ER2 @ 681.7	12:55
<+pdays>	Covered all ER2 Short @ 680.3 --> + 1.4	12:56
<+szubaark>	Exited all Long ES at 1169.25 --> - 5.25 «« paper »»	12:57
	:((((((
	Shorts ES @ 1169.25 «« paper »»
	TANK!!!!	12:58
<+rickf>	short es 67	13:06
	exit 7 es 64.75 +2.25	13:08
	h3
<+MK>	Covered 1/4 ES Short @ 1165.5 --> + 47 «« paper »»	13:09
<+rickf>	exit 3 rs 66 +1
	short es 1166	13:12
	out 63.75 +2.25
	nop
<@X>	#FuturesTrades Info ->  Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.
<+rickf>	wrong sound :)
	out 67 -1	13:15
<+MK>	Covered ES Short @ 1168 --> + 44.5 «« paper »»
	Reverse and Enter Long ES @ 1168 «« paper »»
<+szubaark>	Covered all Short ES at 1169.25 --> 0 «« paper »»	13:16
	geezzz
	Buys ES @ 1169.75 «« paper »»
<+rickf>	short es 69	13:17
<+szubaark>	Exited all Long ES at 1167.25 --> - 2.5 «« paper »»	13:20
	Shorts ES @ 1167.25 «« paper »»
<+rickf>	exit es 66.75 +2.25
<+szubaark>	sneaky spikes to whack Stops
<+rickf>	h3
	out 68.75 +.25	13:23
<+szubaark>	Covered all Short ES at 1170.25 --> - 3 «« paper »»
	taking a break, this is ridiculous price action	13:24
* szubaark	is now known as szubaark_away
<+rickf>	long es 71	13:25
	house voting now	13:28
	exit 7 es 73.25 +2.25
	h3
	exit 73 +2	13:30
<+MK>	Long ES @ 1169 -> Add «« paper »»	13:36
<+rickf>	if they dont get the votes, queue your shorts ready :(
<+Brutus>	someone sending sms info
<+rickf>	134-130	13:37
	need 218
	vote tied 136
	136-139 AGAINST
<werner>	wow
<+rickf>	141-139	13:38
<silo>	crazy fast market
<+Maximus>	geez
<+rickf>	152-146	13:39
	157-159 AGAINST	13:40
<+Brutus>	whats the total # of voters?
<+rickf>	tied 161
	need 218
	162-167 AGAINST
<+MK>	Long ES @ 1164 -> Add «« paper »»	13:41
<+rickf>	1:45 to go on the vote, but prolly extend it some
	167-172
	170-178	13:42
	177-187
<+MK>	Exited ES Long @ 1161 --> - 7 «« paper »»
	Reverse and Enter Short ES @ 1161 «« paper »»
* +rickf	spread widening	13:43
<+rickf>	179-191 AGAINST
<+werner>	ai ai
<+rickf>	55 votes to go
	time expired
<+Maximus>	massive selling across the board
	Long ZB at 119^23.5
<+rickf>	188-201
	188-207	13:44
<+silo>	omg
	lol
	wow
<+rickf>	189-208
	37 votes to go
<+werner>	panic
<+rickf>	not enough votes
<+ItalianSharp>	jees
<+Maximus>	Out at ZB 119^25
	down -500 INDU
<+rickf>	short es 4375
	192-219	13:45
<+T-stop>	217 needed
<+silo>	any news?
<+Maximus>	vote looks like it may fail
<+T-stop>	didnt pass
	unless they go beat up some members to change
	hehe	13:46
<+silo>	ahaha
	holy moly
<+rickf>	exit es 1130.75
	+13.75
<+Maximus>	wowza
<+silo>	anyone short?
	haha
<+rickf>	i was
	200-224	13:47
<+MK>	Covered all ES Short @ 1120 --> + 85 «« paper »»
<+Maximus>	I was long ZB
<+T-stop>	dow - 680
	oof
<+ItalianSharp>	funny how it's the reps that made this fail
<+silo>	how much time do they have left til the thing is set in stone?	13:50
<+T-stop>	up 3 hrs, was the longest
<+Brutus>	dax went limit down 10%	13:51
<+rickf>	lon es 1148
<+ItalianSharp>	this bill will pass...
	they are just washing out everybody right now	13:52
<+rickf>	exit 7 es 52.50 +4.5
	h3
<+Maximus>	ticks moving at lightspeed on es
<+rickf>	exit es 54 +6	13:53
	house holding vote open still ...lotta arm twisting going on
	< -- used to work on hill
<+werner>	:(	13:54
<+MK>	Shorts ES @ 1154.5 «« paper »»
	Shorts ES @ 1166 -> Add «« paper »»	13:55
<+szubaark_away>	Shorts ES @ 1159.75 «« paper »»
<+MK>	1163 not 1166
<+rickf>	VIX 43	13:56
<+szubaark_away>	Covered all Short ES at 1146.75 --> + 13 «« paper »»	13:57
<+rickf>	wtg szu
<+szubaark_away>	i needed that.. thanks
<+MK>	Covered all ES Short @ 1146.5 --> + 27.5 «« paper »»
<KN-SR>	nick MK
<+KN-SR>	and szu
<+MK>	thx
<+szubaark_away>	thanks	13:58
<+KN-SR>	we will hit 75 again soon, i think
<+rickf>	thx kn
<palmer>	look like it wont pass
<+MK>	i see you not in yet KN
<+KN-SR>	:)
<+MK>	waiting for the dust to settle?
<+KN-SR>	nop
	just trading silent for the moment	13:59
<+MK>	makes sense in this crazy mkt
<+rickf>	no wonder were' doing well, kn is flat :)
<+KN-SR>	hahaha
<+rickf>	lol
<+KN-SR>	i have 4 trades today
<+MK>	Shorts ES @ 1146.25 «« paper »»
<+KN-SR>	20+ 10+ 10+ 60+ now 30+	14:00
	and holding the last one
<+rickf>	this is in-sane today
	fed day times ten
<+MK>	Shorts ES @ 1149.25 -> Add «« paper »»
<+rickf>	tho kinda cool watching cspan while eyeing the charts -- talk abou ta leading indicator
	long es 52	14:01
<+MK>	Shorts ES @ 1153 -> Add «« paper »»
<+KN-SR>	waiting it to hit 75 :)
	have a huge order in play........with 28 stop........if vote works, it will be a huge something	14:02
<+rickf>	out 51 -1
	long es 52.50	14:03
<+ItalianSharp>	here is a very malicious scenario: what better occasion than today to wash out everyone and buy at really cheap prices manipulating the voting? if markets end up rallying hard today, that will really make me think a lot
<+rickf>	out at 51 -1	14:04
	good point - i'm not doing much but hedging my long-only portfolio .... too many games being played
<+palmer>	what do u mean KN - a short order @75
<@X>	#FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm
<+szubaark_away>	Shorts ES @ 1146.25 «« paper »»	14:05
<+KN-SR>	nop............have a long from 28 area	14:06
	target 75
	area
<+palmer>	ok gotcha
<+rickf>	short es 47
<+KN-SR>	missed 1725 entry
	idot i m
<+rickf>	exit 44 +3
<+szubaark_away>	Covered all Short ES at 1155.50 --> - 9.25 «« paper »»	14:07
	Buys ES @ 1155.50 «« paper »»
<+rickf>	long es 1154.50
	out 56.75 i think - gotta reboot
<+szubaark_away>	Exited all Long ES at 1142 --> - 13.5 «« paper »»	14:08
	Shorts ES @ 1142 «« paper »»
	TANK!!!!
<+KN-SR>	long 24
<+MK>	Covered all ES Short @ 1133 --> + 33.25 «« paper »»	14:09
<+Maximus>	Short 1134 ES Out @ 1132 in less than a sec
<+KN-SR>	20+
<+szubaark_away>	Covered all Short ES at 1142] --> 0 «« paper »»
	Buys ES @ 1142.25 «« paper »»	14:10
<+rickf>	pelosi aide on cnbc - "zero chance of passing the bill"
<+KN-SR>	it will pass
<+Maximus>	wait for official
<@NihabaAshi>	Shorts ES @ 1138.00 -> small size
<tzar>	hope it will
<+KN-SR>	this all those crap republican mfs mambo jambo
<@NihabaAshi>	3 only
<+tzar>	how many times do they vote?
<+KN-SR>	they cannt	14:11
	but i think they are going for it
<+Maximus>	Short ES @ 1136
	Out ES @ 1134 +2
<+KN-SR>	republican crap
<@NihabaAshi>	Covered ES Short @ 1137.75 --> + 0.25	14:12
<+rickf>	if it doesnt pass they need to resubmit a new bill for a new vote
<@NihabaAshi>	wow
<+tzar>	KN-SR do you know how many times they get to vote?
<+Maximus>	this is like fed day on speed
<+KN-SR>	once	14:13
<+MK>	i thought it didn't pass-now they revote? maybe they revote until it passes
<+KN-SR>	but i think they will make an exception..........
<+T-stop>	Kn they can hold the voye open for awhile, the longest is 3 hrs
<+KN-SR>	yes
	they are trying to get some dem and crap repub	14:14
	they need 10 more
	it will pass........AND WE WILL GO TO 1242
<+palmer>	pas today??
	is the question
<+KN-SR>	by tomorrow	14:15
<+szubaark_away>	Exited all Long ES at 1139.25 --> - 3 «« paper »»	14:16
<+KN-SR>	overnight may be
<+szubaark_away>	Shorts ES @ 1138.75 «« paper »»
<+KN-SR>	this is republican drama
<+MK>	Shorts ES @ 1141.25 «« paper »»
<@NihabaAshi>	Long ES @ 1144.50 -> small size
<+KN-SR>	those itots will vote 10 more and prove that they think about the country first.....bullshit	14:17
<@NihabaAshi>	3 only
<+MK>	Shorts ES @ 1145 -> Add «« paper »»
<+KN-SR>	they did more damage than ANYONE ELSE ever
<+szubaark_away>	Covered all Short ES at 1148 --> - 9.25 «« paper »»
<+tzar>	hmm
<+szubaark_away>	Buys ES @ 1149.25 «« paper »»
<+KN-SR>	9-11 war II , considering all
<@NihabaAshi>	:(	14:18
<+tzar>	KN-SR cnbc says the bill is rejected
<+KN-SR>	yes
<@NihabaAshi>	Exited all ES Long @ 1144.75 --> + 0.25
<+KN-SR>	but still they are tring to get some change their mind by the end of the day
<+szubaark_away>	c'mon lets close gap, i need the frikin points	14:19
<+KN-SR>	:)
	good luck szu
<+MK>	Shorts ES @ 1148 -> Add «« paper »»
<+szubaark_away>	enough games for today, time for the real stuff :))
<@NihabaAshi>	Long ES @ 1147.75 -> small size
* Retrieving	#futurestrades modes...
<@NihabaAshi>	trailing stop @ profit	14:20
	:(
	geeesh
<+KN-SR>	the real story today is eur fx..............200 down and 200 up
<@NihabaAshi>	Exited all ES Long @ 1148.25 --> + 0.5
<+rickf>	long es 49	14:21
	out 48 -1	14:22
<+KN-SR>	30+
<+MK>	Shorts ES @ 1150.5 -> Add «« paper »»
<+Brutus>	09/29/2008 14:21 *DJ US House Leadership Plans Second Attempt to Pass Bill -NYT
<+Maximus>	:( rick, right before the rocket up
<+rickf>	murphys law
<@NihabaAshi>	Shorts ES @ 1151.00 -> small size	14:23
	trailing stop @ profit	14:24
	3 only
<+szubaark_away>	Exited all Long ES at 1149.25 --> 0 «« paper »»
<Bambam-77>	61.8 is 54
<+Bambam-77>	fib
<+szubaark_away>	Shorts ES @ 1147 «« paper »»	14:25
<+Bambam-77>	we are in a wedge
<+Maximus>	real tank if bill officially fails?	14:26
<@NihabaAshi>	my trailing stop is easy pickings in this volatility even at 5 points away in my favor :(
<codehead>	oil -10	14:27
<+T-stop>	agree Bam
	should get direction soon
<+szubaark_away>	impossible to trade this Volatility without HUGE STOPS	14:28
<+Maximus>	no 2nd vote today
<+KN-SR>	well gl
<+rickf>	short es 43
	exit 41 +2
<+Maximus>	short ES at 1139.5	14:29
<+rickf>	short es 40
<+codehead>	crude -10.7 at the close here	14:31
<+Bambam-77>	indu 546 pos trgt
	1132 es
<+rickf>	exit es 38 +2
<@NihabaAshi>	sill no confirmation on 2 contracts exit @ 1139.75	14:32
<+Maximus>	ES OUT @ 1137.25 + 2.25
<@NihabaAshi>	Covered 2/3 ES Short @ 1139.75 --> + 11.25	14:33
<+Maximus>	vn
<+rickf>	nice
<@NihabaAshi>	exit stop lowered ES @ 1150.00	14:34
<+szubaark_away>	Covered all Short ES at 1140 --> + 7 «« paper »»	14:35
<@NihabaAshi>	I wanna see if this thing can make new intraday lows...
	If I'm right...just a pure lucky trade on that remaining contract.
<+MK>	Covered all ES Short @ 1139.75 --> + 12.25 «« paper »»
<+Maximus>	LONG ES @ 39	14:36
	sry for the caps folks	14:37
	Out ES @ 42 +3	14:38
<+MK>	Long ES @ 1142 «« paper »»	14:40
<+szubaark_away>	Shorts ES @ 1140.75 «« paper »»	14:42
<@NihabaAshi>	volatility declining fast
<+MK>	Exited ES Long @ 1141 --> - 1 «« paper »»	14:43
	Reverse and Enter Short ES @ 1141 «« paper »»
<+szubaark_away>	Covered all Short ES at 1143 --> - 2.25 «« paper »»
	Shorts ES @ 1140 «« paper »»	14:44
<@NihabaAshi>	Politicians are scared...vote the wrong way and they don't get re-elected in November	14:45
	That's the black cloud over the market
<+rickf>	they didnt have to do a recorded vote, though --- could have done a verbal "aye" and "nay" with the opinion of the chair deciding it .... provided nobody challenged it by asking for a recorded vote	14:47
	a verbal vote would give everyone political cover
	short es 1139.25	14:48
<+szubaark_away>	i was too early on my Short again damn it
<+rickf>	exit 40.25 -1	14:49
<@NihabaAshi>	I'm surprise GOLD didn't skyrocket during this as a "safe haven"	14:54
<+Maximus>	good point
<+szubaark_away>	exit stop moved to breakeven ES @ 1140 «« paper »»	14:55
	dont want to get caught in 3pm Whipsaw
<+werner>	indd niha	14:56
<+silo>	Democratic leadership to speak momentarily on bailout bill failure	14:57
<+szubaark_away>	Covered all Short ES at 1140 --> 0 «« paper »»	15:00
	3pm Whipsaw
<+rickf>	here we go....
<+szubaark_away>	Buys ES @ 1140 «« paper »»	15:01
	Perfect time to get Stops ABOVE now	15:02
	exit stop set ES @ 1137 «« paper »»	15:03
	Exited all Long ES at 1137 --> - 3 «« paper »»	15:05
	Shorts ES @ 1137 «« paper »»
<+Bambam-77>	next major should be 40points up or down on the break	15:06
<+silo>	67% of repulicant representatives voted against the bill	15:09
	short one contract ym from 10582	15:10
	using today's profit as cushion for this play
	hopefully a breakout will occur
	just one contract though
<@NihabaAshi>	will post late trade result if my 1150.00 trailing stop is hit while I'm away from the computer	15:11
* NihabaAshi	is now known as NihabaAshi_away	15:12
<+szubaark_away>	going lower tick by tick	15:13
<+MK>	Covered all ES Short @ 1135 --> + 6 «« paper »»	15:15
<+szubaark_away>	exit stop moved to breakeven ES @ 1137 «« paper »»
<@X>	#FuturesTrades Info ->  Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.
<+MK>	Shorts ES @ 1131.25 «« paper »»	15:17
<+silo>	they are saying that republicants got their feelings hurt and they decided to punish the country.... oh peopel are pissed now	15:18
<+rickf>	VIX at 46.77 sheesh
<+Maximus>	Short ES @ 28	15:20
	Out at at 26 +2 ES	15:21
<Dokebilee>	wooooee what a day :O	15:22
* sep34-	is now known as sep34_away	15:23
<+Dokebilee>	republicans better not come outside this week	15:24
<+rickf>	lol	15:25
	this is history ... for better or worse
	these indices are ..... i'm stunned	15:26
	701 on the Dow
<+szubaark_away>	is this worst then 9/11? anybody remember?
<+silo>	they were saying earlier when we were down 600 poitnts that this is the 4th hardest hit in history
	and that was before the slow creeper trend down	15:27
<+Dokebilee> -722.96	Dow
<+Brutus>	-10% 1st stop
<+Dokebilee>	coming closer to -100 on sp500
<+rickf>	i show 100.41	15:29
<+werner>	9/11 was different szu ....i think it was faster down
<+silo>	out one contract short
<+szubaark_away>	BLACK MONDAY
<+silo>	daily profit target reached
<+pat255>	vn	15:30
<+szubaark_away>	Covered all Short ES at 1117.75 --> + 19.25 «« paper »»
<+silo>	i had a trade error... wanted to short ym but shorted emd by accident and lost like 350 bucks on that trade
<+Bambam-77>	and then some
<+silo>	but just made 150 pts off ym
	:)
	with 1 contract only
	hehe
	we are now at intraday low gentlement
<+rickf>	we keep making a new ID low :(
<+silo>	be careful at the end.... retail, prop firms will have to close their intraday short... so expect a bounce near close	15:31
<+Bambam-77>	1106 is pos
<+Dokebilee>	It's alright for men to cry today, weep all you want.	15:32
* Awash_afk	is now known as Awash	15:33
* NihabaAshi_away	is now known as NihabaAshi
<@NihabaAshi>	Covered Remainder ES Short @ 1119.75 --> + 31.25	15:34
<Awash>	nice	15:35
<+MK>	Covered all ES Short @ 1120.5 --> + 10.75 «« paper »»
<+Awash>	very nice
	has anybody ever seen the dow move more than 700 points in a day	15:36
<+rickf>	nope
<@NihabaAshi>	My goal was to cover at as a new intraday low but I wasn't here (missed it by 2mins I think) to do that do to personal stuff away from the computer.
<+Maximus>	no
<@NihabaAshi>	I know there was a big drop in the 70's but I don't know how many points it was.	15:37
	Long ES @ 1122.50 -> small size	15:38
	2 only
<+silo>	Long YM @ 10509	15:39
	whoa
	wtf
	anyone see that?
	haha
	prop/retail firms covering intraday shorts	15:40
<+rickf>	btw ... look what happened today when we couldn't short the financials......that rule expires on thursday i think
<estrader1>	S ES 1224
<+Maximus>	great point	15:41
	oct 2nd i think
<@NihabaAshi>	wow
<+estrader1>	OUT 28 -4	15:42
<TraderG>	You may want to watch the following
<+TraderG>	http://www.trade2win.com/boards/general- trading-chat/24384-possibly-most-importa nt-thing-watch-understand-trader-today.h tml
<+MK>	Shorts ES @ 1132.25 «« paper »»	15:43
<+werner>	big drop was okt 1987	15:44
<+silo>	Exited all YM Long @ 10620 --> + 111
	2x daily profit target reached	15:45
<+estrader1>	:)
<+Maximus>	nice silo
<+silo>	intraday shorts covering from retail/proprietary firm
	nobody is willing to hold in this market
	so all the shorts today wanted out
	:)
<+MK>	Shorts ES @ 1136 -> Add «« paper »»	15:46
<@NihabaAshi>	Exited all ES Long @ 1130.00 --> + 7.5	15:48
<+MK>	Covered all ES Short @ 1131.75 --> + 4.75 «« paper »»	15:49
<@NihabaAshi>	Shorts ES @ 1127.75 -> small size	15:52
	1 only
<baxwill>	TraderG, what is to watch, that is a signin to a service	15:53
<+TraderG>	there is a vidoe down the page
<@NihabaAshi>	Covered ES Short @ 1129.75 --> - 2	15:54
	Long ES @ 1134.50 -> small size	15:55
* +silo	is done for the day
<@NihabaAshi>	2 only
	volatility increasing again
<+Maximus>	done	15:56
<+werner>	1987 indu lost 40% in 3 months....now we lost 26% frome highs in 12 months
<+Maximus>	see you guys tomorrrow.. outa here	15:57
<+werner>	cya	15:58
<+silo>	latee
<@NihabaAshi>	Exited ES Long @ 1133.50 --> - 1	15:59
	Shorts ES @ 1128.00 -> small size	16:00
	2 only
<+MK>	Shorts ES @ 1128.5 «« paper »»	16:01
<+rickf>	ok guys out for the day .... let's all go have a few stiff drinks and enjoy the evening, mmmkay?
<Nesi>	wow NQ
<+rickf>	:)
<+Nesi>	my god
<+werner>	:)
<+Nesi>	anyone watching NQ
<+werner>	yep
<+winmax60>	yes..
<@NihabaAshi>	trailing stop @ profit	16:02
<+MK>	Covered all ES Short @ 1122.75 --> + 5.75 «« paper »»	16:04
<@NihabaAshi>	Covered all ES Short @ 1122.00 --> + 6
<@X>	#FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm
<+MK>	Long ES @ 1120.75 «« paper »»	16:06
	Exited all ES Long @ 1121.25 --> + 0.5 «« paper »»	16:08
* Tintin	: bye all	16:15
<+rickf>	seeya folks!	16:16
<+werner>	gn all	16:49
<@NihabaAshi>	Take care all...another great trading day due to the high volatility market conditions.	16:54
* NihabaAshi	is now known as NihabaAshi_away
<@X>	#FuturesTrades Info ->  Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.Session Close: Mon Sep 29 21:56:13 2008	21:30
Trading Edge:  Strategies	If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading, swing trading, market seasonal tendencies, position size management, intermarket analysis with a money back guaranteed policy...click here.
	Trading Strategies ->   Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)

We are proud to say that our chat room members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:  

CME Emini Futures EMD, ER2, ES and NQ   

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD  

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

COMEX Metals Gold GC and ZG

Hang Seng Index Futures HSI

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Don't hesitate to ask your questions and we'll reply back as soon as possible.

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